Monday, 31 August 2015
Last updated 2 days ago
Aug 19 2011 | 4:42am ET
The Texas Tech University System has allocated $30 million to two hedge funds.
The $800 million endowment hired Comac Capital and Graham Capital Management to run $15 million apiece, HFMWeek reports. The former is a global macro strategy and the latter a multi-strategy quantitative hedge fund.
“These strategies tend to have a low correlation with funds focusing on equity and credit,” according to TTUS documents.
TTUS has between 30% and 35% of its portfolio investing in hedge funds. Comac and Graham are the second two hedge funds hired by the endowment this year after Argonaut Capital Management and Discovery Capital Management.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…